Navigating the world of merchant accounts can be confusing and intimidating, but every small business should accept credit cards. This can help you grow your sales and simplify collections while providing better customer service.
Our featured guest in this episode of Small Business Trends Radio is Samuel Peery, Vice President of Marketing at Propay, Inc. ProPay provides credit card services customized to small businesses.
For instance, did you know that:
- Retail businesses — can increase their sales by accepting credit cards. Statistics show that the average credit card order is 3 to 4 times larger than the average check or cash order. Accepting credit cards as a form of payment can increase sales anywhere from 40% to 400%.
- Service oriented businesses — can benefit by simplifying collections and increasing their cash flow. Statistics show that 24% of accounts receivables are 90 days old. This number can be as high as 75% at times. By accepting credit cards, service businesses can get paid much faster.
- Convenience — speed, professional image, legitimacy, electronic records – these are all benefits of accepting credit card payments and providing superior customer service.
- ProPay is offering — Small Business Trends Radio listeners 50% off until June 30th. To take advantage of this special offer, please visit this page.
In this episode, Samuel Peery discusses the in’s and out’s of merchant credit card services. He explains how some services differ from other services offered online today and the benefits of accepting credit card payments.
Stay tuned at the end of the program for the Today’s Trend segment. Today’s Trend is: The Rise of the Big Business/Small Business Ecosystem.
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Small Business Trends LLC, 2007